Market Research Future (MRFR), in its latest report on the global digital multimeter market, states that the market is expected to expand at a 3% CAGR during the forecast period of 2017 to 2023. MRFR reveals that worldwide digital multimeter market valuation is expected to touch a valuation of about USD billion by the end of the forecast period.The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
Segmental Outline
The worldwide [FURL=https://www.marketresearchfuture.com/reports/digital-multimeter-market-4470]Covid 19 Digital Multimeter Market[/FURL] is segmented by types, end-users, and digital types. By type, the market is segmented into mounted, bench-top, handheld, and others. The growing adoption of handheld digital multimeter due to the feasibility offered by them are expected to propel the global market. The mounted segment is expected to generate decent revenue for the global digital multimeter market. By digital types, the market is segmented into fluke digital, clamp digital, auto-ranging, and others. The increase in the demand for digital multimeter over analog-type is expected to support the growth of the market. By end-users, the market is sectioned into manufacturing, automotive, residential, commercial, energy industry, and others. The increase in the adoption of digital multimeter by cash-rich sectors is expected to gain high traction for the market in the evaluation period.
Key Players
MRFR listed prominent providers of digital multimeters. They are; Innova Electronics (U.S.), Fluke Corporation (U.S.), Amprobe (U.S), Klein Tools (U.S.), Extech Instrument (U.S.), Mastech Digital (U.S.), Craftsman (U.S.), Kaito Electronics, Inc. (U.S), Crenova (India), Etekcity Corporation (U.S.), and others. Diversification of product portfolio by different companies is likely to work in favor of the market.
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